Lamar Advertising (NASDAQ:LAMR) Announces Quarterly Earnings Results

Key Points

• Lamar Advertising reported a quarterly earnings per share (EPS) of $2.22, exceeding expectations of $1.48, with revenues of $579.31 million for the quarter.
• The company declared a quarterly dividend of $1.55 per share, resulting in an annualized dividend of $6.20 and a yield of 5.4%.
• Citi and Morgan Stanley have upgraded their ratings on Lamar Advertising's stock, with target prices now set between $135.00 and $136.00, indicating a positive outlook from analysts.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) posted its quarterly earnings results on Friday. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74, Zacks reports. The company had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. Lamar Advertising updated its FY 2025 guidance to 6.090-6.11 EPS.

Lamar Advertising Price Performance

Shares of LAMR stock opened at $115.50 on Friday. Lamar Advertising has a 1 year low of $99.84 and a 1 year high of $139.88. The firm's 50 day moving average is $122.60 and its 200-day moving average is $119.47. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 26.86 and a beta of 1.36. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.89.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, June 16th. Lamar Advertising's dividend payout ratio is presently 150.49%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their target price for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Morgan Stanley lifted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $136.00.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.

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